We Are One Seven LLC lowered its stake in shares of Howard Hughes Corp (NYSE:HHC) by 3.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,685 shares of the financial services provider’s stock after selling 250 shares during the quarter. We Are One Seven LLC’s holdings in Howard Hughes were worth $735,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. PRW Wealth Management LLC bought a new stake in Howard Hughes in the fourth quarter valued at approximately $49,000. Avestar Capital LLC boosted its holdings in Howard Hughes by 49.5% in the fourth quarter. Avestar Capital LLC now owns 996 shares of the financial services provider’s stock valued at $79,000 after acquiring an additional 330 shares during the last quarter. First Mercantile Trust Co. boosted its holdings in Howard Hughes by 36.6% in the fourth quarter. First Mercantile Trust Co. now owns 1,790 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 480 shares during the last quarter. Keybank National Association OH boosted its holdings in Howard Hughes by 9.3% in the fourth quarter. Keybank National Association OH now owns 2,131 shares of the financial services provider’s stock valued at $208,000 after acquiring an additional 181 shares during the last quarter. Finally, New Jersey Better Educational Savings Trust boosted its holdings in Howard Hughes by 10.0% in the fourth quarter. New Jersey Better Educational Savings Trust now owns 2,200 shares of the financial services provider’s stock valued at $215,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 85.01% of the company’s stock.
Shares of NYSE:HHC traded down $0.21 during trading on Wednesday, reaching $111.74. 10,959 shares of the stock were exchanged, compared to its average volume of 211,812. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.98. Howard Hughes Corp has a 1-year low of $89.51 and a 1-year high of $142.36. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of 84.65 and a beta of 1.28.
Howard Hughes (NYSE:HHC) last issued its earnings results on Wednesday, February 27th. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.40. Howard Hughes had a return on equity of 1.80% and a net margin of 5.36%. The company had revenue of $464.69 million for the quarter, compared to analyst estimates of $347.02 million. During the same period in the prior year, the firm earned $3.46 earnings per share. Howard Hughes’s revenue for the quarter was up 54.4% on a year-over-year basis. Equities research analysts anticipate that Howard Hughes Corp will post 1.11 earnings per share for the current fiscal year.
Separately, Zacks Investment Research upgraded Howard Hughes from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a report on Tuesday. One research analyst has rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Howard Hughes has an average rating of “Buy” and a consensus price target of $151.50.
Howard Hughes Profile
The Howard Hughes Corporation owns, manages, and develops commercial, residential, and hospitality operating properties in the United States. It operates through three segments: Operating Assets, Master Planned Communities, and Strategic Developments. The Operating Assets segment owns 15 retail, 28 office, 8 multi-family, and 4 hospitality properties, as well as 10 other operating assets and investments primarily located and around The Woodlands, Texas; Columbia, Maryland; New York, New York; Las Vegas, Nevada; and Honolulu, Hawaii.
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